Ripple

Ripple refers to both a digital payment protocol and the cryptocurrency associated with it, known as XRP. The core purpose of Ripple is to enable fast, low-cost international money transfers by connecting banks and payment service providers through its network. Unlike traditional cryptocurrencies that aim to replace fiat currencies, Ripple aims to improve the existing financial infrastructure by providing a bridge for currency exchanges. Its consensus algorithm improves transaction speed and reduces the processing time needed for international payments compared to traditional banking systems. Ripple aims to facilitate real-time gross settlement, currency exchange, and remittance services.

In a broader context, “ripple” can also describe the effect of one event spreading outward, much like ripples in water when a stone is thrown into it. This metaphorical sense implies the influence of actions or changes impacting other related areas or entities over time.